The organization’s Better Life Index looks at 23 indicators of current well-being across 11 domains, from how much people earn and the cost of housing, to life expectancy, and even to how much time off people get from work. Most of the indicators are culled from OECD's own research based on country-level government data, but they also include public opinion surveys — all of which could be combined to form scores on a "well-being"scale.

Overall, a Pew Research Center analysis of the data finds that life is good in most of these countries — almost all fall within the organization's average range. But well-being is notably better for people in Norway and the US than it is for people in Turkey and Mexico.

And there's a lot of nuance in between. For example, if you think well-being is defined by financial wealth and household income, the US is the place for you. But if you prefer time off from work, France is the ideal place, by far, to put down roots. On the other hand, if you are trying to avoid victimization and dying from assault, Mexico is not your ideal destination.

The reports' authors looked at the essential ingredients that shape people's well-being in these 34 nations. To standardize different measures, OECD converted each indicator to a "z score" that represents standard deviations above or below the 34-nation average. The OECD average is represented by a z score of 0; scores closer to 1 and above represent higher well-being and those closer to -1 and below indicate lower well-being. We analyzed the data by averaging the z scores across all 23 indicators to see how the countries ranked. For this average, each indicator received equal weight.